Insurance
Howden Raises More Than £1B for Investments; Blanc Named Head of M&A
Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent in excess of £1 billion ($1.2 billion). …
Read More EU Regulators Set Out Ideas to Help Plug Climate ‘Insurance Gap’
Issuing “catastrophe bonds” and setting up public-private partnerships could help plug the “insurance gap” to better cover damage from climate change, a discussion paper from the European Central Bank and European Union insurance regulators said on Monday. Only a quarter …
Read More Generali Seeks Buyers for Tua Assicurazioni Unit
Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival, people with knowledge of the matter said. The insurer has hired advisers to sell the non-life company, which is valued …
Read More Thefts Prompt 17 States to Urge Recall of Kia, Hyundai Cars
Attorneys general in 17 states on Thursday urged the federal government to recall millions of Kia and Hyundai cars because they are too easy to steal, a response to a sharp increase in thefts fueled by a viral social media …
Read More Altria Faces First Trial Over Claims it Helped Market Juul to Teens
Tobacco giant Altria Group Inc is set to face trial Monday in a lawsuit by San Francisco’s public school district accusing the company of fueling a teen vaping epidemic, along with e-cigarette maker Juul Labs Inc. The San Francisco Unified …
Read More Tesla Cleared by Jury in Autopilot Crash Suit in Los Angeles
Tesla Inc. was found by a Los Angeles jury not to be at fault following a trial over a driver’s claim that the Autopilot feature in her Model S caused her to veer into the center median of a city …
Read More Paramount Directors Agree to $168 Million Settlement Over Merger
Paramount Global directors agreed to a $167.5 million settlement of investors’ lawsuits over the controversial 2019 merger of CBS Corp. and Viacom Inc. that created the entertainment company, according to a securities filing The settlement with CBS investors was reached …
Read More Vape Companies Suing Kinsale Insurance After Battery Coverage ‘Quietly’ Excluded
Four companies that sell vaping devices have filed a federal lawsuit against Kinsale Insurance Co., claiming the insurer dropped coverage for batteries but failed to fully inform the policyholders before denying a claim. If it goes to trial and appeal, …
Read More Virginia Family Reaches $5M Settlement Over Park Police Shooting
The family of a northern Virginia man fatally shot by U. S. Park Police officers has reached a $5 million settlement in its civil lawsuit against the government. Two officers shot 25-year-old Bijan Ghaisar of McLean in November 2017 after …
Read More Delaware Legalizes Recreational Marijuana Despite Governor’s Disapproval
Delaware Gov. John Carney said Friday that he will allow bills legalizing recreational marijuana use by adults in the state and authorizing the establishment of a state-licensed and regulated cannabis industry to become law without his signature. The Democratic governor’s …
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